Four points mentioned in one sentence, as if of equivalent importance. They're not.
Security Of Supply
On Failure: Inconvenience to humans. Trouble for some industries.
Solution: interestingly- renewable energy. Oil, a traded commodity, can never achieve the "security of supply" solar panels or wind generators can.
On Failure: alternative sources will replace oil/gas through the market mechanism we say works. On balance not even inconvenience caused if we don't unnecessarily tie affordability together with social aspects, see 4th point.
Solution: interestingly: accelerated development of renewable energy! (see Devex2015 for price development)
On Failure: catastrophic destruction of human habitat and human and natural life
Solution: renewable energy, and using less energy overall. Stop burning carbon.
Environmental and Social Risks
On Failure: destruction of human and natural habitat. Social collapse, gradual or revolutionary.
Solution: Less corporate influence over environmental regulations
Only a cynical marketeer would come up with this corrupt phrase. What does this say about an industry regurgitating it?